Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 12 November 2013

Reliance

Today, 860 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 860 is crucial for short term. Positional Traders, trade long above 860 for a target of 880. Trade short below 860 for a target of 835.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 11 November 2013

Today, 6160 is the crucial intraday level for Nifty.

If Nifty sustains below 6160 , then it could test 6080 and below that level it could test 6030.
Instead, if Nifty trades above 6160, then it could test 6190.